8. On August 1, Hagino Corporation declared a $1.50 per share cash dividend on its common stock (20,000 shares) for stockholders on record as of August 15. Hagino paid the dividend on August 31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the entry declaring the cash dividend. Date Accounts and Explanation Aug. 1 Debit Credit 8. On August 1, Hagino Corporation declared a $1.50 per share cash dividend on its common stock (20,000 shares) for stockholders on recc August 31. Journalize the entries declaring the cash dividend and paying the dividend. (Record debits first, then credits. Select the explanatic Journalize the entry paying the dividend. Date Accounts and Explanation Debit Credit On- Aug. 31